Dunkin Brands Brews A Strong Opening
BOSTON (CBS) – Dunkin Brands was the star on Wall Street Wednesday, as its IPO generated more than half a billion dollars.
The Canton-based company says it will use the funding to pay down debt and finance expansion west, where Dunkin is a bit player with just 100 stores right now.
Senior Analyst Conrad Lyon at B. Riley and Company in Los Angeles says the company’s name may promote donuts, but it’s bread and butter moneymaker is coffee.
WBZ NewsRadio 1030’sAnthony Silva has more on the IPO